The brokerage expects Maruti Suzuki to deliver an 11% earnings CAGR over FY24-27E, driven by new launches and strong export growth
(Photo source: Vijay Sartape/NDTV Profit)
At 23 times FY26E/21x FY27E EPS, Maruti Suzuki is among the few largecap OEMs available at a discount to historic valuations. Reiterate our Buy rating with a target price of Rs 14,500, valuing at 26x Dec’26E EPS.